After decent reversal from down trend, currently trading in range from past 2 weeks.
Current range is 353 to 369 - Below Monthly and weekly VWAP
Below 200 SMA but possible support from 50 SMA
Wait for clear trend before taking trade
If cross 369 and sustains - we will see 389 and 415 as next targets
Incase if breaks - 331 and 296 will be next targets
Even if current 353 level breaks -- wait for 349.5 level on short side - possible bounce back from Monthly VWAP.
Please spend time on own analysis. Add to watchlist.
Current range is 353 to 369 - Below Monthly and weekly VWAP
Below 200 SMA but possible support from 50 SMA
Wait for clear trend before taking trade
If cross 369 and sustains - we will see 389 and 415 as next targets
Incase if breaks - 331 and 296 will be next targets
Even if current 353 level breaks -- wait for 349.5 level on short side - possible bounce back from Monthly VWAP.
Please spend time on own analysis. Add to watchlist.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.